Tenke Fungurume Mine Stocks List
Symbol | Grade | Name | % Change | |
---|---|---|---|---|
LUN | B | Lundin Mining Corporation | 0.57 | |
STUV | F | Stuve Gold Corp | 0.00 |
Related Industries: Copper Shell Companies
Symbol | Grade | Name | Weight | |
---|---|---|---|---|
COPP | A | Horizons Copper Producers Index ETF | 10.91 | |
XBM | A | iShares S&P/TSX Global Base Metals Index ETF | 6.4 | |
ZMT | A | BMO S&P/TSX Equal Weight Global Base Metals Hedged to CAD Index ETF | 4.54 | |
XAD | A | Ishares US Aerospace & Defense Index ETF | 4.03 |
Compare ETFs
Date | Stock | Title |
---|---|---|
May 3 | LUN | Lundin Mining Price Target Raised to $17 at RBC |
- Tenke Fungurume Mine
Tenke Fungurume Mining SA (TFM) is one of the largest copper and cobalt producers in the Democratic Republic of Congo (DRC). Construction on the site began in the latter part of 2006, and in 2009, TFM produced its first copper. The mine has since become a vital source of income for local communities and the country by way of royalties and taxes, as well as the largest employer in the region.
As of 2018, Tenke Fungurume Mining has paid over $2.5 billion (USD) in payments to the public treasury and other administrative services since project inception in 2006, and currently employs over 8,000 Congolese citizens as either employees or contractors on a full-time basis.
Tenke Fungurume Mining takes its name from the two neighbouring communities of Tenke and Fungurume.
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